SEC Form 4 · accession 0001209191-16-123752
CEVA INC · CEVA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Yaniv Arieli
Officer — Chief Financial Officer
Period of report
May 24, 2016
Accepted (ET)
May 26, 2016 · 5:47 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001173489
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | May 24, 2016 | M | 25,000 | $8.03 | A | 55,684 | D | |
| Common StockF1 | May 24, 2016 | S | 28,720 | $27.00 | D | 26,964 | D | |
| Common Stock | May 24, 2016 | M | 16,125 | $15.54 | A | 43,089 | D | |
| Common Stock | May 24, 2016 | D | 9,113 | $27.50 | D | 33,976 | D | |
| Common Stock | May 24, 2016 | S | 7,012 | $27.50 | D | 26,964 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F2 | $8.03 | May 24, 2016 | M | 25,000 | D | — | Jun 1, 2016 | Common Stock | 25,000 | 0 | D |
| Stock Appreciation RightF3 | $15.54 | May 24, 2016 | M | 16,125 | D | — | Jul 31, 2019 | Common Stock | 16,125 | 13,875 | D |
Explanation of responses
- F1Includes shares that were acquired under the CEVA, Inc. 2002 Employee Stock Purchase Plan.
- F2The stock option becomes exercisable as to 25% of the underlying shares on the first year anniversary of the grant date and 1/48th each month thereafter.
- F3The Stock Appreciation Rights became exercisable as to 25% of the underlying shares on the first year anniversary of the grant date and 1/48th of the underlying shares each month thereafter.